15-17 The Borough, Hinckley, Leicestershire, LE10 1NL

Ground Floor Commercial Unit in the heart of Hinckley (GIA - 5,425 sq.ft)

Description

5,425 sq.ft ground floor commercial unit in the heart of Hinckley town centre.

Price

The property is available by way of a new long lease at an asking price of £495,000, for a period of 125 years from completion, at a peppercorn ground rent.

All reference to price or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Any offer received by Howkins & Harrison LLP will be deemed exclusive of VAT.

Location

The property is situated with frontage onto The Borough at the heart of Hinckley town Centre,

The town serves a resident catchment area of over 55,000 people. With an employment rate higher than the East Midlands average and a relatively low unemployment rate, the local population has a strong economic base. The area also boasts a higher than average number of independent retailers, offering a unique shopping experience and a strong sense of local character.

Hinckley has excellent transport links with both bus and railway stations, and is easily accessible from major motorways including the M1, M6, M69, and A5. The town centre also provides multiple car parks, many of which are free at certain times, further encouraging footfall. The development of The Crescent, a major retail and leisure extension, has significantly boosted the town's evening economy and overall footfall.

The M69 motorway, which connects the M1 near Leicester with the M6 near Coventry, is located approximately 1.9 miles to the south of the Property. By road, the Property is located approximately 14 miles northeast of Coventry, 14 miles southwest of Leicester, 29 miles east of Birmingham, 39 miles south of Derby and 98 miles northwest of London.

Hinckley railway station is situated approximately 0.5 miles to the south of the Property. From Hinckley there are direct services to Narborough (9 mins), Leicester (20 mins) and Birmingham New Street (36 mins).

Birmingham Airport is situated approximately 17 miles to the west of the Property.

Utilities

We are advised that mains services are connected to the property, including mains water, drainage, and electricity.

We would advise interested parties to undertake their own enquiries as to the adequacy and availability of these services, which have not been tested or verified by Howkins & Harrison LLP.

VAT

From our own enquiries to the VOA website we can confirm the property currently has a rateable value of £0 as the Building is Undergoing Reconstruction.

The Uniform Business Rate (UBR) for the financial year 2025/2026 is £0.555 (where the Rateable Value is £51,000 or more) and £0.499 (where the Rateable value is less than £51,000).

EPC

The current EPC for the property is D (98).

Viewings

Strictly by prior appointment with Sole agents Howkins & Harrison LLP. Please contact David Grove on .